HSBC Bank plc. Programme for the Issuance of Notes and Warrants. Issue of. USD 30,000, Year Dual Range Accrual Notes due March 2025

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1 PRICING SUPPLEMENT Pricing Supplement dated: 23 March 2015 HSBC Bank plc Programme for the Issuance of Notes and Warrants Issue of USD 30,000, Year Dual Range Accrual Notes due March 2025 PART A - CONTRACTUAL TERMS This document constitutes the pricing supplement ("Pricing Supplement") relating to the issue of the Tranche of Notes described herein for the purposes of listing on the Official List of the Irish Stock Exchange and must be read in conjunction with the Offering Memorandum dated 18 June 2014 as supplemented from time to time (the "Offering Memorandum") which, together with this pricing Supplement, constitute listing particulars for the purposes of listing on the Global Exchange Market. Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions of the Notes (the "Conditions") set forth in such Offering Memorandum. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of this Pricing Supplement and the Offering Memorandum. The Offering Memorandum is available for viewing at HSBC Bank plc, 8 Canada Square, London E14 5HQ, United Kingdom and (please follow links to 'Investor relations', 'Fixed income securities', 'Issuance programmes') and copies may be obtained from HSBC Bank plc, 8 Canada Square, London E14 5HQ, United Kingdom. The Offering Memorandum does not comprise (i) a prospectus for the purposes of Part VI of the Financial Services and Markets Act 2000 (as amended) or (ii) a base prospectus for the purposes of Directive 2003/71/EC as amended (the "Prospectus Directive"). The Offering Memorandum has been prepared solely with regard to Notes that are not to be admitted to listing or trading on any regulated market for the purposes of Directive 2004/39/EC and not to be offered to the public in a Member State (other than pursuant to one or more of the exemptions set out in Article 3.2 of the Prospectus Directive). It is advisable that investors considering acquiring any Notes understand the risks of transactions involving the Notes and it is advisable that they reach an investment decision after carefully considering, with their financial, legal, regulatory, tax, accounting and other advisers, the suitability of the Notes in light of their particular circumstances (including without limitation their own financial circumstances and investment objectives and the impact the Notes will have on their overall investment portfolio) and the information contained in the Offering Memorandum and this Pricing Supplement. Investors should consider carefully the risk factors set forth under "Risk Factors" in the Offering Memorandum. 1. Issuer: HSBC Bank plc 2. Tranche number: 1 3. Currency: (i) Settlement Currency: U.S. Dollar ("USD") (ii) Denomination Currency: Settlement Currency 4. Aggregate Principal Amount: - 1-

2 (i) Series: USD 30,000,000 (ii) Tranche: USD 30,000, Issue Price: 100 per cent. of the Aggregate Principal Amount 6. (i) Denomination(s) (Condition 2): USD 200,000 (ii) Calculation Amount: USD 200, (i) Issue Date: 24 March 2015 (ii) Interest Commencement Date: 8. Maturity Date: (Condition 7(a)) 9. Change of interest or redemption basis: 24 March March 2025, subject to adjustment in accordance with Modified Following Business Day Convention PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 10. Fixed Rate Note provisions: (Condition 4) 11. Floating Rate Note provisions: (Condition 5) 12. Zero Coupon Note provisions: (Condition 6) 13. Index-Linked Interest Note Provisions and other variable-linked interest Note provisions: (i) Index/formula/other variable: (ii) Provisions for determining interest where calculated by reference to Index and/or formula and/or other variable: Applicable The Reference Rate and the Reference Spread (both as defined below) The amount of interest payable on each Interest Payment Date in respect of each Note and each Interest Period shall be calculated by applying the Rate of Interest to the Calculation Amount, multiplying the product by the relevant Day Count Fraction, rounding the resulting figure to the nearest U.S. Dollar cent (0.5 U.S. Dollar cent being rounded upwards). Where: Rate of Interest means 4.85% per annum x N /D N means the number of calendar days during an Accrual Period where the Reference Rate falls within the Range and the Reference Spread is equal to or above the Accrual Barrier. D means the total number of calendar days during an Accrual Period. - 2-

3 Accrual Period means the period commencing on and including the first day of the relevant Interest Period and ending on and excluding the last day of such Interest Period. Reference Rate means USD CMS 10Y (being the rate for fixed-for-floating interest rate swaps in USD with a maturity of 10 years, expressed as a percentage, which appears on Reuters page ISDAFIX1 as of 11 am (New York time) on each calendar day, provided that if a calendar day is not a Business Day, the relevant rate shall be determined by reference to the rate displayed on Reuters page ISDAFIX1 on the Business Day immediately prior to such calendar day, provided further that, in respect of each Accrual Period, the relevant rates determined in respect of each of the calendar days during one week prior to end of the relevant Accrual Period shall be fixed on the fifth Business Days prior to the end of such Accrual Period). Reference Spread means the difference between (i) USD CMS 10Y (being the rate for fixed-for-floating interest rate swaps in USD with a maturity of 10 years, expressed as a percentage, which appears on Reuters page ISDAFIX1 as of 11 am (New York time) on each calendar day, provided that if a calendar day is not a Business Day, the relevant rate shall be determined by reference to the rate displayed on Reuters page ISDAFIX1 on the Business Day immediately prior to such calendar day, provided further that, in respect of each Accrual Period, the relevant rates determined in respect of each of the calendar days during one week prior to end of the relevant Accrual Period shall be fixed on the fifth Business Days prior to the end of such Accrual Period) and (ii) USD CMS 2Y (being the rate for fixed-for-floating interest rate swaps in USD with a maturity of 2 years, expressed as a percentage, which appears on Reuters page ISDAFIX1 as of 11 am (New York time) on each calendar day, provided that if a calendar day is not a Business Day, the relevant rate shall be determined by reference to the rate displayed on Reuters page ISDAFIX1 on the Business Day immediately prior to such calendar day, provided further that, in respect of each Accrual Period, the relevant rates determined in respect of each of the calendar days during one week prior to end of the relevant Accrual Period shall be fixed on the fifth Business Days prior to the end of such Accrual Period). Range means in respect of the period from (and including): - the Issue Date to (but excluding) the first anniversary of the Notes: from (and including) - 3-

4 0% to (and including) 3.50%; - the first anniversary of the Notes to (and excluding) the second anniversary of the Notes: from (and including) 3.50% to (and including) 4.00%; - the second anniversary of the Notes to (and excluding) the third anniversary of the Notes: from (and including) 4.00% to (and including) 4.50%; - the third anniversary of the Notes to (and excluding) the fourth anniversary of the Notes: from (and including) 4.50% to (and including) 4.75%; and - the fourth anniversary of the Notes to (and excluding) the fourth anniversary of the Notes: from (and including) 4.75% to (and including) 5.00%; and - the fifth anniversary of the Notes to (and excluding) the tenth anniversary of the Notes: from (and including) 5.00% to (and including) 5.00%. Accrual Barrier means 0%. (iii) Provisions for determining interest where calculation by reference to Index and/or formula and/or other variable is impossible or impracticable or otherwise disrupted: If on a Business Day during the Accrual Period the Reference Rate or a rate used in respect of the determination of the Reference Spread (as applicable) is not published on the relevant fixing page for such rate or is otherwise not available, the Calculation Agent will determine such Reference Rate or rate used in respect of the determination of the Reference Spread (as applicable) by reference to the ISDA Definitions as if USD-CMS-Reference Banks had been specified as the applicable Floating Rate Option, 10 years, 30 years or 2 years (as applicable) as the relevant Designed Maturity and Business Day as the applicable Reset Date. (iv) Interest Period(s): The first Interest Period commences on the Interest Commencement Date and ends on (but excludes) the date that is 3 months after the Interest Commencement Date. All subsequent Interest Periods shall commence on the date that is 3 months after the date on which the previous Interest Period commenced and end on (but exclude) the date that is 3 months after the date on which the relevant Interest Period commenced. (v) Interest Payment Dates: 24th June, 24th September, 24 th December and 24 th March in each year, subject to adjustment in accordance with Modified Following Business - 4-

5 (vi) Business Day Convention: Modified Following (vii) Business Centre(s): New York and London (viii) Minimum Interest Rate: (ix) Maximum Interest Rate: (x) Day Count Fraction: 30/360 unadjusted PROVISIONS RELATING TO REDEMPTION Day Convention. The first Interest Payment Date will be 24 th June 2015, subject to adjustment in accordance with Modified Following Business Day Convention 14. Issuer's optional redemption (Call Option): (Condition 7(c)) (i) Redemption Amount (Call Option): (ii) Series redeemable in part: (iii) Optional Redemption Date (Call Option): (iv) Minimum Redemption Amount (Call Option): (v) Maximum Redemption Amount (Call Option): 15. Noteholder's optional redemption (Put Option): (Condition 7(d)) 16. Final Redemption Amount of each Note: (Condition 7(a)) 17. Final Redemption Amount of each Note in cases where the Final Redemption Amount is Index-Linked or other variable-linked: 18. Instalment Notes: (Condition 7(a)) Applicable 100 per cent. of the Calculation Amount Each Interest Payment Date, commencing 24 th June 2015 and every 3 months thereafter by giving no less than 5 London and New York business days notice. 100 per cent. of the Calculation Amount 19. Early Redemption Amount: (i) Early Redemption Amount (upon redemption for taxation reasons, illegality or following an Event of Default): (Conditions 7(b), 7(f) or 11) Fair Market Value (ii) Other redemption provisions: (Condition 7(i)) - 5-

6 GENERAL PROVISIONS APPLICABLE TO THE NOTES 20. Form of Notes: (Condition 2(a)) (i) Form of Notes: Bearer Notes (ii) Bearer Notes exchangeable for Registered Notes: No 21. New Global Note: No 22. If issued in bearer form: (i) Initially represented by a Temporary Global Note or Permanent Global Note: (ii) Temporary Global Note exchangeable for Permanent Global Note and/or Definitive Notes and/or Registered Notes: (Condition 2(a)) (iii) Permanent Global Note exchangeable at the option of the Issuer in circumstances where the Issuer would suffer material disadvantage following a change of law or regulation: Temporary Global Note Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances set out in the Permanent Global Note Yes (iv) (v) Coupons to be attached to Definitive Notes: Talons for future Coupons to be attached to Definitive Notes: Yes 23. Exchange Date for exchange of Temporary Global Note: Not earlier than the date which is 40 days after the Issue Date 24. Payments: (Condition 9) (i) Relevant Financial Centre Day: London and New York (ii) Payment of Alternative Payment Currency Equivalent: (iii) Conversion provisions: (iv) Underlying Currency Pair provisions: (v) FX Disruption: (vi) LBMA Physical Settlement provisions: 25. Redenomination: (Condition 10) - 6-

7 26. Other terms: 27. Valuation Date: DISTRIBUTION 28. (i) If syndicated, names of Relevant Dealer(s)/Lead Manager(s): (ii) If syndicated, names of other Dealers/Managers (if any): 29. Selling restrictions: TEFRA D Rules United States of America: Not 144A eligible Notes may not be offered or sold within the United States of America or to, or for the account or the benefit of, a US person (as defined in Regulation S). Exemption(s) from requirements under Directive 2003/71/EC (as amended) (the "Prospectus Directive"): Additional selling restrictions: The denomination of the Notes is greater than or equal to EUR100,000 (or equivalent amount in another currency) - 7-

8 CONFIRMED HSBC BANK PLC By: Authorised Signatory Date:

9 PART B - OTHER INFORMATION 1. LISTING (i) Listing: Application has been made to admit the Notes to listing on the Official List of Irish Stock Exchange on or around the Issue Date (ii) Admission to trading: Application will be made for the Notes to be admitted to trading on the Global Exchange Market with effect from the Issue Date. No assurance can be given as to whether or not, or when, such application will be granted. (iii) Estimated total expenses of admission to trading: EUR RATINGS Ratings: Not Applicable 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE Save for any fees payable to the Dealer and/or Lead Manager (if any) so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the issue. The Dealer and Lead Manager and their affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business. 4. REASONS FOR THE OFFER ESTIMATED NET PROCEEDS AND TOTAL EXPENSES (i) Reasons for the offer: (ii) Estimated net proceeds: Information not provided (iii) Estimated total expenses: Information not provided OPERATIONAL INFORMATION 4. ISIN Code: XS Common Code: CUSIP: 7. Valoren Number: - 9-

10 8. SEDOL: 9. WKN: 10. Intended to be held in a manner which would allow Eurosystem eligibility: 11. Any clearing system(s) other than Euroclear and Clearstream, Luxembourg and the relevant identification number(s): No None 12. Delivery: Delivery against payment 13. Settlement procedures: Medium Term Note 14. Additional Paying Agent(s) (if any): None 15. Common Depositary: HSBC Bank plc 16. Calculation Agent: HSBC France 17. City in which specified office of Registrar to be maintained: (Condition 15) 18. ERISA Considerations: - 10-